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Deutsche to price knock-out notes due 2016 linked to Euro Stoxx 50
By Jennifer Chiou
New York, March 10 – Deutsche Bank AG, London Branch plans to price 0% knock-out notes due Sept. 21, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
A knock-out event will occur if the index finishes below the knock-out level, which is expected to be 78.4% of the initial level and will be set at pricing.
If the index return is zero or positive, the payout at maturity will be par plus the index return.
If a knock-out event has not occurred and the index return is negative, the payout will be par.
If a knock-out event has occurred, investors will be fully exposed to losses.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 16, 2016.
The notes (Cusip: 2515A1MS7) will price on March 13 and settle on March 18.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
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